ITB-24-6186LS - EXHIBIT B Method of Comp.pdf

DOT-ITB-24-6186LS

State of Florida Department of Transportation

EXHIBIT “B”, METHOD OF COMPENSATION

DOT-ITB-24-6186LS

TO FURNISH DISTRICTWIDE DUMPSTER(S), TRASH PICK UP

AND RECYCLE SERVICES FOR THE FLORIDA DEPARTMENT

OF TRANSPORTATION (FDOT).

PROJECT/PROPOSAL NUMBER: DOT-ITB-24-6186LS

FINANCIAL PROJECT NUMBER: 252058-1-A1-02

EXHIBIT "B"

METHOD OF COMPENSATION

1.0 PURPOSE:

This Exhibit defines the limits and method of compensation to be made to the Vendor for services set forth in Exhibit "A" and the method by which payments shall be made.

2.0 ASSIGNMENT OF WORK:

The Department shall request Vendor services on an as-needed basis. Services to be provided on each location will be initiated and completed as directed by the Project Manager and /or his/her designee. A "Letter of Authorization" will be issued for each location services.

3.0 COMPENSATION:

There is no Budgetary Ceiling; funds will be encumbered for each Letter of Authorization.

This is a Term Contract for an Indefinite Quantity whereby the Vendor agrees to furnish services during a prescribed period of time. The specific period of time completes such a contract. The Department will authorize services based on need and availability of budget. Execution of this Agreement does not guarantee that the work will be authorized.

4.0 ESTABLISHMENT OF LETTER OF AUTHORIZATION AMOUNT:

For each "Letter of Authorization" (LOA) the Vendor, following the Scope of Services as set forth in Exhibit "A", shall prepare an estimate of work and price based on the rates established in Exhibit "C", and allowable expenses. Once an acceptable Maximum Amount has been agreed upon by the Vendor and the Department's Project Manager and/or his/her designee, a "Letter of Authorization" shall be issued by the Project Manager and/or his/her designee. The Project Manager and/or his/her designee shall obtain fund approval for each authorization by an approved encumbrance prior to issuing the "Letter of Authorization". All work authorizations shall be completed within the term of this Agreement.

5.0 PROGRESS PAYMENTS:

The Vendor shall submit monthly invoices in a format acceptable to the Department.

For the satisfactory performance of the services detailed in each LOA, the Vendor shall be paid up to the Maximum Amount of each Authorization. Payment shall be made for the services provided, at the unit billing rates specified in Exhibit “C”, as approved by the Department. The contract billing rates shall include the costs of salaries, overhead, fringe benefits and operating margin.

Invoices shall be submitted to:

Florida Department of Transportation

Ruel Umbay 1000NW 111th Avenue

Miami, Fl. 33172

6.0 DETAILS OF UNIT RATES:

Details of Unit Rates for the performance of the Vendor’s services set forth in Exhibit "A" are contained in Exhibit "C", attached hereto, and made a part hereof.